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The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable $4,095 Accounts Receivable

The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions).

Accounts Payable $4,095
Accounts Receivable 720
Aircraft Fuel Expense 10,100
Cash 3,110
Common Stock 1,290
Dividends 25
Equipment 16,050
Income Tax Expense 330
Interest Expense 270
Landing Fees Expense 4,500
Notes Payable 7,020
Repairs and Maintenance Expense 2,600
Retained Earnings (as of December 31) 8,225
Salaries and Wages Expense 3,490
Supplies 750
Ticket Revenues 24,100

Prepare an income statement, Retained Earning Statement and Balance Sheet for the year ended December 31.

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